Suppliers eye steering cooperation – Just Auto
Thyssenkrupp and Japanese industrial group NSK have signed a memorandum of understanding (MoU) to explore a joint venture between Thyssenkrupp Automotive and NSK’s steering business.
The MoU includes a “technological and strategic alignment” of the product areas in the automotive business with the rival’s steering business. The aim is to develop a joint automotive business.
Martina Merz, CEO of Thyssenkrupp, said: “We are already in an…